Morganton is a city in North Carolina state in USA with a population of 16517 residents..
The poverty rate of Morganton is 26.1%, which is 86% higher than national average.
The typical household in Morganton earns $40406 a year, compared to the national median of $67,500.
Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 13 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 63% of households earn less than $50,000 a year compared to 39% national rate.
The unemployment rate of Morganton remained 4.8%, which is 2% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.
Cost of living in Morganton is 95, which is 5% lower than national average.
In Morganton, only 21% of adults have a bachelor's degree and 29% have some college but no degree.
Median home value in Morganton is $153400 , which is 33% lower than national average.
While median income in Morganton remained $40406, which is 40% lower than national average.